The URL can be used to link to this page

Home My WebLink About918748 ~\ f :J . ...,.,.......'....,. Return To: HOMECOMINGS FINANCIAL NElWORK, INC ONE MERIDIAN CROSSING. TIE 100 MINNEAPOUS,MN 35423 Loan Number: 042-800343-8 ,.,.".".:':A.'''',','.'' , ',,:":."'.:r";'õi·;~,~,_r· PreparedÐy: :HomeComings :Financial Network .J.4B50 Quorum :Drive, Buite 500 :Dallas,"TX 75254 ISpace .Above This line For Recorlling Data] DEFlNIT10NS MORTGAGE ~ .J.000626042B00343B2 RECEIVED 3/24/2006 at 3:35 PM RECEIVING 1# 918748 BOOK: 621 PAGE: 116 JEANNE WAGNER l.INCOLN COUNTY CLERK, KEMMERER, WY - - - -- - - ,'.' ........'..."." r n 01· .J'.'..6 -- \.' t 6? Words used ill multiple sections of .this document Me defined below .and other words Me 1lefined ill Sections 3,11,13,18, 20.and21. Certain rules regarding the usage of words used ill this document Me 1ÙSO provided ill Section J 6. (A) ".security Instrument" .means this document, which is .dated MAY 23RD, 2006 together with lÙl Riders to this document. (B) "BOITower" is :BRANDON +\"RP.BT;F.y, A BINGLE MAN Borrower is theJDortgagor under this Security 1nstrument. (C) "MERS" is Mortgage Electronic Registrmion Systems, 1nc, MERS is .a .sepM.ate .corporation that is .acting solely .as a ¡¡ominee for .Lender .and .Lender's successors.and .assigns. MERS is the mortgagee under this .security Instrument. MERS is organized.and existing under the laws of De1awMe, .and .has .an .address.and telephone.number of P.O. Ðox2026, Flint, MI4850l-2026, tel. (888) 679-MERS. WYDMING-5ingle TBmily-F1mnie Mae/fr-eddie Mac UNIFDRM JNSTRUMENT WITH MERS MFWY7770 (04/2006) / 042-800343-8 __ -6AIWY) 100061.02 PBge ~ of 15 Initials: ,Qcð VMP Mortgage Solutions, Inc. . ~I*f:*:i~{'-!*:' .1{.,'¡~.liji!:¡¡h!¡~ 'A.!.:',¡~¡:~o:'!'~¡,¡' 'FDrm 3051 1/01 I mWI I~I ~lllmlllllUII ~II "'~'m;:ffi':;r~;r.f!:l ,.....¡..'¡iMr-itnt¡. ó:!~~ (:I¡~ffiili~*i~; ;;~-~~;!~If:~~¡ffiilill~ . ....~_..._._"'.._.. ,_."-......."'..:,::.,""'~.....'-oon..._.....,.,..._<.,._.._,....."'. ... ...--''''-'"'_._.1.....4 '-"",..''-=-'>L~~'=........":...~~...,~:,..,,..... "Ì\ ("I. A.j N y;u,\¡ S \IJJ~~'~ . "-i'. C00117 (D) "Lender" is :HOMECOMINGS F:rNANCIAL NETWORK ::mc. lender is II CORPORATION organized llDd existing under the laws of DELAWARE .Lender's1lddressis l4B50 QUORUM DRIVE, BillTE 500 :DALLAS, TX 75254 (E) "Note" means the promissory .note signed by Borrower llDd dated MAY 23RD.I 2006 The Note states that.Borrowt:T owes Lender .sIXTY FIVE "TIIOUBAND AND NO/lOD Dollars CD.S. $ 65 , 000. DO ) plus .interest. .Borrower.has promised to pay this debt.in regular Periodic Payments llDd 10 pay the debt.in full.not later than ~:ruNE :lBT, 2036 (F) "Property".:means the property that is described below under the heading "TrmlSfer of Rights ill the Property. " (G) "Loan".:means the debt evidenced by the Note, plus interest, llDY prepayment .charges llDd late .charges due under the Note, llDd lÙlSl1lllS due under this Security 1.nstrument, plus interest. (H) "Riders" means lÙl Riders to this Security Instrument that Me executed by .Borrower. The following :Riders Me to be executed by.Borrower I check box .as llpplicable] : D Adjustable Rate Rider D Condominium Rider D Second Home Rider D.BalloonRider DPlanned Unit Development Rider D 1-4 Family Rider D VA Rider D.Biweekly FaymentRider D Other(s) [specify] (I) "Applicable Law" .:means .all controlli.ng applicable federal, state llDd local statutes, regulations, ordinances llDd :lClmini~trative rules.and orders (that .have the effect of law).as well .as .all .applicable final, .non-appealable judicial opinions. (J) "Community ÂSSociatiOJl Dues, .Fees, lUld ÂSSessments" means lÙl dues, fees, .asse~ml~nt~ llDd other .charges that Me imposed on .Borrower or the Property by a !:ondominiiun .association, .homeow.ners .association or .símilar organization. (K) "Electronic Funds 'IrlUlSÍer" .:means llDY trmlSfer of funds, other than lltr.ansaction originated by check, .draft, or .símilarpaper instrument, which is initiated through llD electronic tenninal, telephonic .instrument, computer, or .magnetic tape so .as to order, instruct, or .authorize a :financial institution to debit or credit llD .account. Such tenn includes, but is .not limited to, poillt-of-.sale trmlSfers, .automated teller m:!c.hin~ transactions, trmlSft:TS .initiated by telephone, wire trmlSfers, .and .automated clearinghouse transfers. (1,) "Escrow Items" means those items that Me described ill Section 3. (M) "Miscellaneous Proceeds" means llDY !:ompensation, 5ettlement, .awMd of iliunages, or proceeds paid by llDY third party (other than insurance proceeds paid under the coverages described ill Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of.all or llDY part of the Property; (ill) conveyance ill lieu of condemnation; or (iv) IDisrepresentations of, or omissions .as to, the value .and/or condition of the Property . (N) "Mortgage InsurIDlce" means insurance protecting Lender .against the ..nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regulBrly scheduled .amount due for (i) principalllDd~rest under the Note, plus (ii) llDY .amounts under Section 3 of this Security Instrument. (P) "RESP A" .:means the Real .Estate Settlement Procedures Act (U U.S. C. Section 2601et seq.) llDd its impl~m~ntinz regulation, Regulation X (24 C.F.R. Part 3500), .as they.might be ::tmp.nnp.d from time to time, or llDY .additional or .successor legislation or regulation that Eoverns the same 5ubject:matter. As used .in this Security Instrument, "RESPA" refers to all requírt:m.ents .and restrictions that.are imposed .in regard to .a "federally related :mortgage loan" even if the Loan does not qualify .as.a "federally rclated IDortgage loan" under RESPA. MFWY7170 (0412006) I 042-800343-8 G-BA(WYI (0005).02 (j) Initialsfrß f'09020115 'Form 3051 1/01 A' ':. ::.~~õO:l:õ-;'::""¡~C=~";);;~l~:&:'-;;_"",",'i~:~~'UCU...":!:Ui~U:'''''''''''''''''''''~·'.Iõ''~¡,!,~~:.:!."~~, -. :"i,;·_,·,'.:,::-¡.',r·..i~_I~:.:-.:,-,..·.:.·<, '. .·"<-~'·'''''''''~~~f~·;''~..u''~~'.fi..,''''':O,·,·~~",~:~:,,'~;::~'... ·.·'....·,..~-.:--":í,.;..j+..J~~.:,."ro,t,...¡""i-. ...~w.·, ',_I ¡....., ....,.....;.,';.. . QOG1 fo,;ito-1¡¡'i~"; _ .::} "" \.J·f i.': I...;p rnO-lJO.8 \., U 1_. (Q) "Successor.in Interest of Borrower" means my pIDty that .has taken title to the Property,· whether or not that pIDty.has .assumed.Ðorrower's obligations under the Note lIIld/or this Security lnstrument. TRANSFER OFJUGHTSlNTHEPROPERTY This Security 1nstrument .secures to Lender: (i) the repayment of the Loan, .and .a11 renewals, :extensions .and modifications of the Note; lIIld (ii) the perfonnance of Borrower's covenants lIIld .agreements under this Security 1nstrument lIIld the Note. For this purpose, .Ðorrower does .hereby mortgage, grant lIIld convey to MERS (solely .as nonrinee for Lender lIIld Lender's successors lIIld .assigns) lIIld to the SucœssOIS lIIld .assigns of MERS, with pow:er of .sale, the following described property located ID the COUNTY of LINCOLN IType DfRecording Jurisdiction) {Name of Recording Jurisdiction] Legal rl€.Scription attBched b€r-eto BIld made B pa.rt ber-eo£ PMce}ID Number: 12-2-4J.9-05--4-0J.-ODB-DD .530 :EAST MAIN BTREET C01ŒVILLE ("PIo]>erty Address "): which cum:ntly.has the.addr:ess of (Street) (City] ,Wyoming B3ll-4 [Zip Code] TOGETHER WITH .all the .improvements now or.hereafter :erected on the property, lIIld all :easements, .appurtenanœs, lIIld ÎlX1ures now or .hereafter .a :part of the property. Al) replacements lIIld .additions shall .also be covered by this Security lnstrument. All of the foregoillg .is referred to ID this Security lnstrument.as the "Property." Borrower understands lIIld .agrees that MERS holds only legal title to the .interests granted by .Ðorrower ID this Security lnstrument, but, if necessary to comply with law or custom, MERS (.as nominee for Lender lIIld Lender's successors lIIld .assigns).has the right: to exercise my or .all of those .interests, indllciinz, but Dot limited to, the right to foreclose lIIld sell the Property; lIIld to take my .action required of Lender includ.ing, but not limited to, releasillg lIIld .canceling this Securjty lnstrument. .BORROWER COVENANTS that ]3orrower .is lawfu11y seised of the estate .hereby l;onveyed lIIld .has the right to mortgage, .&Tant lIIld convey the .Property lIIld that the Property .is 1Jnp.T\C1lmbered, :except for encumbnmces of record. .Ðorrower warnmts lIIld will defend generally the title 10 the Property .against.all claims lIIld cip.m:mcis, subject to my :encumbrances of record. THIS SECURITY INSJRUMENT combines unifonn cov:enan.tsfor national use lIIld non-unifonn covenants with limited VMiations by jurisdiction to constitute .a unifonn security :instrument covering real property . MFWY7770 (04/2006) / 042-800343-8 ~-BA(WYI (OD051.02 ~ . Initja~:&/) Page 3 Df 15 FDrm 3051 1/01 ~~~¡iI~jm¡¡f!¡¡~!lli&~ Œ~¡imilit~ ~:¡;1~;~¡mf;~1~~;~r~ -...-..,..---,-..--...,- '.'.....~,_.'.,." . ..J ~<.À1 ~.~""'1?1').,;> o....~ .J .". "J 'f '"-* IJ (,.... n....... 9 ' f r: ,1.' . . '..' '.J V UNIFORM COVENANTS. Borrower ID1d Lender covenant ID1d 1lgTee 118 follows: 1. P1tyment of Principill, lnterest, Escrow Items, Prepayment Charges, .and Late Charges. , Borrower shall pay when due the principal of, ID1d interest on, the debt evidenced by the Note ID1d ælY prepayment charges ID1d late charges due under the Note. Borrower shall1tlso pay funds for Escrow Items pursuant to Section 3. Payments due under the Note ID1d this Security Instrument shall be:made.in U.S. currency.;However, if ælY cl1eck or other instrument received by Lender as payment under the Note or this Security lllstrument is returned to Lender unpaid, Lender may require that any or .all subsequent payments due under the Note ID1d this Security Instrument be :made in one or more of the following forms, 118 selected by Lender: (a) cash; (b) money order; (c) certified cl1eck, bank cl1eck, treasurer'scl1eck or .cashier's .check, provided any such cl1eck is drawn upon æl institution whose deposits .are insured by a federal agency, .instrIlmf!nt:llity, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location.as may be designated by Lender in ßCcordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient 10 bring the Loan !:urrent. Lender may accept any payment or partial payment .insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights 10 refuse such payment or partial payments in the future, but ,Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied 118 of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. lfBorrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might .have now or .in the future against Lender shall relieve Borrower from making payments due under the Note ID1d this Security Instrument or performing the covenants ID1d agreements secured by this .security Instrument. 2. Application of .P1tyments or Proceeds. Except 118 otherwise described .in this Section 2, 1tl1 payments accepted ID1d applied by Lender shall be ap;Jlied in the following order of priority: (a) interest due under the Note; (b) principal due under the Notf; (c) amounts due under Section 3. Such payments shall be applied to :each Yeriodic Yayment .in the order in which it became due. Any rr.m:lininz amounts ..shall be applied first to late charges, second to ælY other amounts due under this Security Instrument, ID1d then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay ælY late charge due, the payment may be applied to the delinquent payment ID1d the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received frmn Borrower to the repayment of the Periodic Payments if, ID1d to the extent that, :each payment .can be paid in full. To the:extent that ælY excess exists after the payment is applied 10 the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments.shall be applied first to ælY prepayment charges ID1d then 118 described in the Note. Any application of payments, .insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or cl1ange the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) 1<lXes ID1d 118sessments ID1d other items which can attain priority over this Security Instrument 118 a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any ID1d 1tl1 .insurance required by .Lender under Section :5; ID1d (d) Mortgage Insurance premiums, jf any, or any sums payable by Borrower to Lender .in lieu of the payment of Mortgage lnsurance premiums in accordance with the provisions of Section 10. These items are called ''Escrow Items." At origination or at any time dur.ing the tenn of the Loan, Lender may require that Community Association Dues, Fees, ID1d Assessments, if ælY, be ~scrowed by Borrower, ID1d such dues, fees ID1d 118sessments shall be an Escrow Item. Borrower shall promptly furnish to Lender 1tl1 notices of mnounts to be paid under this Section. .Borrower .shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation 10 pay the Funds for ælY or 1tl1 Escrow Items. Lender may waive Borrower's obligation to pay 10 Lender Funds for any or all Escrow Items at ælY time. Any .such waiver may only be .in writing.ln the event of such waiver, Borrower .shall pay directly, when ID1d where payable, the amounts MFWY7770 (04/2006) / 042-800343-8 G-6A/WY) 10005).02 @ P.agø-4.of 15 Initials: &. /'}' Form 3051 1/01 ------ ---.... -- ,fìlG1 f.:)?t.\ i.¿ ,,-, J "'\.'. c..J,> i. u ('/11"'1·' 00 I.. ·i~ V 1. ~ due for .any Escraw Items far which payment af Funds bas been wmved by Lender .and, jf lender requires, cShall furnish to. Lender receipts evidencing such payment within such rime periad .as Lender may require. .Barrawer's abligatian to. make such payments.and to. provide receipts cShall far .all purpases be deemed to. be a cavenant.and .agreement cantained in this Security lDstrument, .as the phrase "covenant.and .agreement" is used in Section 9. If J3arrower is abligated to. pay Escrow Items directly, pursuant to a wmver, .and .Barrawer fails to. pay the .amaunt Due for .an Escraw Item, lender may exercise its rights under Section 9 .and pay such .amaunt .and .Barrawer shall then be abligated under Section 9 to. repay to. lender .any such amaunt. lender may revake the wmver.as to. .any or.all Escrow Items at .any time by a natice ~iven in accar.dance with Sectian 15 .and, upan such revacation, .Barrawer cShall pay to. .Lender .all Funds, .and in such .amaunts, that are then required under this Section 3. lender may, at .any time, callect.and .hald Funds in .an .amaunt (a) sufficient to. pennit lender to. apply the Funds at the time specified under RESPA, .and (b) .nat to. exceed the.:maximum .amaunt a lender .can require under RESPA. Lender cShall estimate the amaunt af Funds Due on the basis af current data .and reasanable estimates af expenditures af future Escraw Items or atherwise in .accardance with Applicable Law. The Funds shall be .held in .an institution whase Depasits are insured by a feder.al agency, instrl1m~nt::! 1 ity, ar entity (including Lender, if Lender is .an institution whose depasits are so insured) or in any Feder.al Rome Loan .Bank. lender shall apply the Funds to. pay the .Escrow Items no. later than the time .specified under RESPA. lender shall .nat char~e .Barrower for halding .and applying the Funds, annually analyzing the escraw .accaunt, ar verifying the .Escraw Items, unless lender pays .Barrawer interest an the Funds .and Applicable Law pennits Lender to. make such a .charge. Unless an agreement is made ID writing ar Applicable Law requires interest 10. be pmd on the Funds, lender shall not be required to. pay .Barrawer any.interest ar earnings on the Funds. .Barrawer.and lender .can .agree in writing, .hawever, that .interest .shall be paid an the Funds. lender.shall give 10. .Barrawer, withaut .charge, an.annual .accaunting af the Funds .as required by RESPA. . If there is a .surplus af F11I1.ds .held ID escrow, .as defined lIIlder RESPA, Lender shall .account to. .Barrawer far the excess funds .in .accardance with RESPA. If there is a shortage af Funds.held in escraw, as defmed lIIlder RESPA, Lender.shall natify .Barrawer.as required by RESPA, .andJ3arrawer .shall pay to. lender the amaunt necessary to. make up the shartage in .accardance with RESPA, but in no. mare than 12 monthly payments. If there is a deficiency of Funds .held in escrow,.as defined lIIlder RESPA, lender shall .natify .Barrawer .as required by RESPA, .and .Borrower cShall pay 10. Lender the amaunt :necessary to. make up the Deficiency in .accordance with RESPA, but in no. mare than 12 manthly payments. Upon payment in full af,all sums secured by this .security lDstrument, lender cShall promptly refund to. .Barrower any Funds.held by Lender. 4. Charges; Liens. .Barrower .shall pay .all taxes, .assessments, charges, fines, .and impasitions attributable to. the Praperty which .can attain priarity aver this Security lDstrument, leasehald payments Dr ground rents an the Property, if .any, .and Commnnity Assaciation Dues, Fees, .and Assessments, if .any. To. the extent that these items are Escrow Items, .Barrawer shall pay them in the manner provided in Section 3. .Borrawer .shall promptly .discharge .any lien which.has priority aver this Security lDstrument unless ..Borrawer: (a) .agrees in writing to the :payment of the abligatian.secured by the lien in a manner .acceptable to. lender, but only sa long.as .Barrawer is perfanning such agreement; (b)cantests the lien in gaad faith by, ar defends .against enfarcement af the lien ID, legal proceedings which in lender's apinian aperate to. prevent the enfarcement af the lien while those proceedings are pending, but only until su!:h proceedings are concluded; ar (c) secures fram the.holder af the lien.an.agreement satisfactary to. lender .subarrlin::!tinz the lien to. this S~urity lnstrument. If Lender detennines that .any part of the Praperty is subject to a lien which .can .attain priarity over this Security lDstrument, lender may give .Borrawer a .natice identifying the MFWY7770 (04l2006) / 042-800343-8 e-6A(WY) 100051.02 (I) Initial.: ß,: 4 -PJl!a 5 1>1 15 'fDrm 3051 1/01 ~~~!~f¡j1ir~~~1m~ Ç8':::~:::~, :~.~;;:¡:~:;*~~;~:~ ....._...----~ -~-. -- 031..8748 (' .·în·-f 01 t.,. '..J v J.. r.: lien. Within 1 0 .days of the date on which that notice is given, Borrower 5ha11 .satisfy the lien or take one or IDore of the .actions set forth llbove in this Section 4. ; Lender :may require Borrower to pay II one-time charge for .a real estæ:e tax verification lIIld/or reporting service used by Lender in connection with this Loan. .5. Property Insurance. Borrower shall Jœepthe .improvements now existing or hereafter erected on the Pmperty insured llgainst loss by fire, .hazards included within the tenn "ext~1Jðe.d coverllge, " lIIld.any other .hazards including, but not limited to, earthquakes.and floods, for which Lender requires insur.ance. This insur.ance shall be maintained in the .amounts (including deductible levels) .and for the periods that Lender requires. What Lender requires pursuant to tbepreceding .sentences can change during the tenn of the Loan. The insur.ance .carrier providing the insur.ance shall be cl10sen by Borrower subject to Lender's right to disapprove Borrower's cl1oice, which right shall not be exercised unreasonably. Lender :may require Borrower to :pay, in connection with this Loan, either: (a) II one-time charge for flood zone determination, certification.and trllclång services; or (b) II one-time charge for flood zone det~rmination .and certifiçation services lIIld subsequent charges each time remappings or .sUnilar changes occur which reasonably:might .affect such determination or certification. Borrower shall .also be responsible for the :payment of .any fees .imposed by the Federal Emergency Management Agency in connection with the review of .any flood zone detennination resulting from.an objection by Borrower. 1f Borrower fails to maintain .any of the coverages described llbove, Lender :may obtain insurance coverage, .at Lender's option .and Borrower's expense. Lender is under no obligation to purchase .any particular type or .amount of coverllge. Therefore, such coverage shall cover Lender, but.:might or:might not protect Borrower, Borrower's equity in the Property, or the contents of the Pmperty, .against .any risk, .hazard or liability .and IDight provide greater or lesser coverage than was previously in effect. Borrower .acknowledges that the cost of the insur.ancecoverage so obtained :might significantly exceed the cost of insur.ance that :Borrower could have obtained. Any .amounts disbursed by Lender under this Section 5 .shall become 1ldditional debt of Borrower secured by this Security lnstrument. These ..amounts.shall bear interest llt the Note r2te from the date of disbursement .and .shall be payllble, with such interest, upon notice from Lender to Borrower requesting payment. All insur.ance policies required by Lender .and renew.als of .such policies .shall be .subject to Lender's right to disapprove such policies, .shall include II standard IDortgage cWlse, .and shall name Lender as IDortgagee .and/or as.an .additional loss payee. Lender shall have the right to hold the policies.and renew.al certificates. lf Lender requires, Borrower shall promptly give to Lender .all receipts of paid premiums lIIld renewal notices. lf Borrower obtains.any form of insur.ance coverage, not otherwise required by.Lender, for .damage to, or destruction of, the Pmperty, such policy shall include II standard IDortgage cWlse.and 5ha11 name Lender as IDortgagee .and/or as .an Miditionalloss payee. In the event of loss, Borrower shall give prompt notice to the insur.ance .carrier .and Lender. Lender :may :make proof of loss if not :made promptly by Borrower. Unless Lender .and Borrower otherwise llgTee in writing,.any insur.ance proceeds, whether or not the underlying insur.ance was required by Lender, 5ha11 be llpplied to restoration or repair of the Property, if the restoration or repair is economically feasible .and Lender's security is not lessened. During such repair 1100 restoration period, Lender shall have the right to .hold such insur.ance proceeds until Lender has had .an opportunity to inspect such Property to .ensure the work has been complet:ed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender:may disburse proceeds for the repairs .and restoration in II single payment or in II .series of progress payments .as the work is complet:ed. Unless.an llgTeement is:made in writing or Applicable Law requires interest to be paid on such insur.ance proceeds, Lender shall not be required to pay Borrower .any interest or earnings on such proceeds. Fees for public lldjusters, or other third parties, retained by Borrower.shall not be paid out of the insur.ance Proceeds.and shall be the sole obligation of :Borrower. 1f the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be llpplied to the sums secured by this Security lnstrument, whether or not then Due, with MFWY7770 (04/2006) / 042-800343-8 S-6A(WY) 10005).02 @ Psg. 6 af 15 InitiJIls:Or/J FDrm 3051 1/01 / ""-- -.---....----.-...--- OGAI Qr"ý ,Ai )..;; .... J-~:.\._~ f! r.·'_UJ r··-"c·{ '~.2 . ¡ .J.'" \.., '." ~ -"" . ,., ~ -- the excess,. if .any, paid to .Eorrower. 5uch IDsurID1Ce proceeds.shall be 1I.pplied .in the order provided for .in 5ection2. Jf .Borrower 1I.bæuions the Property, Lender .may file, negotiate æui settle .any available IDsîIranCe claim.and related .matters. 1f .Borrower does not respond within 30 days to 11. notice from Lender that the insunmce carrier.has offered 10 Bettle a claim, thenl..ender.may Jlegotiate æui settle the claim. The 3D-day period will begin when the notice is given. 1n either event, or if l..ender acquires the Property under Section 22 or otherwise, .Borrower .hereby .assigns 10 l..ender (11.) .Borrower's rights 10 .any insurID1Ce proceeds in.an .amount not to exceed the .amounts unpaid under the Note or this .security lnstrument, .and (b) .any other of ..Borrower'B rights (other than the right to .any refund of IJDeaT11ed premiums paid by .Borrower) under lIl1 IDsurID1Ce policies L:overing the Property, insofar .as Buch rights Me 1I.pplicable 10 the L:overage of the Property. l..ender .may use .the insurID1Ce proceeds either to repair or restore .the Property or 10 pay .amounts unpaid under the Note or this Security lnstrument, whether or not then rlue. 6. Occupancy. .Borrower shall occupy, establish, .and use the Property .as .Borrower'B princip1Ù residence within 60 days zfter the execution of this Security lnstrument .and .shall L:ontinue 10 occupy the Property .as .Borrower's principal residence for 1I.t least one year zfter the date of oCCUPID1CY, unless l..ender otherwise 1I.grees in writing, which consent shall not be unreasonably withheld, or unless extenuating rircumstances exist which Me beyond .Borrower'B L:ontrol. ï. Preservation, Maintenance .and Protection of the .Property; Inspections. .Borrower .shall not rlestroy, dama.ge or impair the Property, lIl10w the Property to rleteriorate or L:ommit w.aste on the Property. Whether or not .Borrower is residing .in the Property, ..Borrower .shall maintain the Property in order 10 prevent the Property from rleteriorating or rlecreasing in V1Ùue rlue to its L:ondition. UnleBs it is rletennined pursuant 10 5eL:tion.5 that repair or restor31ion is not economically feasible, .Borrower .shall promptly r:epair the Property if damaged to 1I.void further rleterior31ion or damage. lf IDsurID1Ce or L:ond~mn!ltjon proceeds Me paid .in connection with damage to, or the taking of, the Property, ..Borrower .shall be responsible for repairing or restoring the Property only if Lender .has released proceeds for BUch purposes. Lender.may rlisburse proceeds for the repairs.and restor31ion in 1I..single payment or.in 11. .series of progress payments .as the work is L:ompleted. lf the insurID1Ce or L:onci~mn:¡tion proceeds Me not Bufficient 10 repair or restore the Property, .Borrower is not relieved of .Borrower' B oblig31ion for the L:ompletion of BUch repair or restor31ion. Lender or its 1I.gent .may ma1œ reasonable entries upon .and inspections of the Property. lf it .has reasonable .cause, Lender .may inspect.the .interior of the .improvements on the Property. Lender .shall give .Borrower notiCe 1I.t the time of or prior 10 such.an interior inspeL:tion speci1)ring Buch reasonable cause. 8. BOITower'B Loan Application. .Borrower .shall be .in rlefault if, rluring the Loan .application process, .Borrower or .any persons or :entities acting 1I.t the rlirection of .Borrower or with ..Borrower'B Jrnowledge or L:onsent gave .materially false, misleading, or inaccurm:e .information or st!lt~Jl1~nts to Lender (or failed to provide Lender with material .infonnation) in L:onnection with the Loan. Material .representations include, but Me not limited to, representations L:onc~TIlinz .Borrower's OCCUpID1CY of the PIOperty.as .Borrower'B principal residence. 9. Protection of Lender's Interest .in the Property .and .Rights Under this Security Instrument. lf (a) .Borrower fails 10 perform the covenants.and agreements L:ontained in this Security Jnstrument, (b) there is 11. legal proceeding :that .mi~t Bigniflcantly affect Lender'B IDtereBt in the Property .and/or rights under this 5ecurity lnstrument (such.asa proceeding.in bankruptcy, probm:e, for condemnation or forfeiture, for :enforcement of 11. lien which .may .attain priority over this5eL:urity 1nstrument or to :eIÌforce lawB or regulations), or (L:) .Borrower.has 1I.bæuioned the Property, then l..ender.may do.and pay for whatever is reasonable or 1I.ppropria.te to protect l..ender'B interest :in the PIOperty .and rights under this 5eL:urity lnstrument, including protecting .and/or assessing the V1Ùue of the Property, .and SeL:uring .and/or repairing the Property. Lender'B .actions .can include, but Me not limited to: (a) paying .any Bums .seL:ured by 11. lien which .has priority over this 5eL:urity lnstrument; (b) 1I.ppearing in L:ourt; .and (c) paying reasonable .MFWY7Tl0 (04L2006) / 042-800343-8 G-BAfWYI 100051.02 @ P"g07 of 15 Initiol.: æ If 1'0011 3051 1/01 I:!¡¡:i:i~¡¡::i~::¡;:~: \t,'YM'~'-~9 ~]~;~~i!~: ÙL&'> r~¡~~~¡~m~1~~im~J O~ll.874:8 (-'1 n <! t', 3· Î.,., .~...J It J.. ,: attorneys' fees to protect its .interest in !he Property .andlor rights under this Security lnstrument, including its secured position in a bankruptcy proceeding. Securing !he Property includes, but is not limited to, -entering the Property to make repairs, change locks, replace or board up doors.and windows, dr1iin water from pipes, eliminate building or other code violations or dangerous conditions, .and have utilities turned on or off. Although .Lender may take action under this Section 9, .Lender does not have to no so .and is not under .any nuty or obligation to do so. 1t is .agreed that .Lender incurs no liability for not :taking.any or .all .actions authorized under this Section 9. Any .amounts ilisbursed by Lender under this Section 95ba11 become .additional nebt of Borrower secured by this Security lnstrument. These .amounts shall bear interest at !he Note nú.e from !he 1late of disbursement.and 5ba1l be payable, with such interest, upon notice from lender to Borrower requesting payment. 1f this Security lnstrument is on a leasehold, :Borrower shall comply with .a1lthe provisions of the lease. 1f Borrower acquires fee title to the Property, the leasehold .and the fee title shall not merge unless J...ender agrees to !he merger in writing. 10. Mortgage lnsurance. 1f Lender required Mortgage lnsurance.as a condition of.making the Loan, :Borrower shall pay !he premiums required to m::tint::tinthe Mortgage lnsurance in effect. 1f, for .any reason, !he Mortgage lnsurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance .and Borrower w.as required to make separately nesignated payments toward the premiums for Mortgage lnsurance, Borrower shall pay !he premiums required to obtain coverage substantially equiv.alent to !he Mortgage lnsurance previously in effect, at a cost substantially equivalent to !he cost to Borrower of the Mortgage lnsurance previously in effect, from .an .alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage lnsurance coverage is not available, Borrower shall continue to pay to Lender the .amount of the separately designated payments that were due wl1en the insurance cover.age ceased to be in effect. lender will .accept, use .and retain these payments .as a nOIHefundable loss reserve in lieu of Mortgage lnsurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, .and Lender shall not be required to pay Borrower .any .interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage lnsurance cover.age (in the .amount.and for the period that Lender requires) provided by .an insurer selected by Lender .again becomes available, is obtained, .and Lender requires sepm-ately designated payments toward the premiums for Mortgage lnsurance. 1f Lender required Mortgage lnsurance as a condition of.making the lAan .and .Borrower w.as required to make separately ílesignated payments toward the premiums for Mortg.age lnsurance, Borrower shall pay the premiums required to m::tint::tin Mortgage lnsurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage lnsurance ends in .accordance with any written agreement between :Borrower .and Lender providing for such tennination or until termination is required by Applicable.Law. Nothing in this Section 10 .affects Borrower's obligation to pay interest.at the rate provided in the Note. Mortg.age lnsurance reimburses Lender (or any f:ntity that purchases the Note) for certain losses it .may incur if Borrower noes not repay the Loan .as agreed. Borrower is not a party to the Mortg.age lnsurance. Mortg.age insurers ev.aluate their total risk on .all such insurance in force from time to time, .and may -enter into agreements with other parties that share or modify their riSk, or reduce losses. These agreements are on terms.and conditions that are satisfactory to the mortgage insurer.and the other party (or parties) to íhese agreements. These agreements may require the nlortgage insurer to make payments using .any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage lnsurance premiums). As a result of !hese agreements, Lender, .any purchaser of !he Note, .another insurer, .any reinsurer, .any other entity, or .any .affiliate of .any of the foregoing, may receive (directly or indirectly) .amounts that .derive from (or might be characterized .as) a portion of .Borrower's payments for Mortgage lnsurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. 1f such .agreement provides that .an .affiliate of Lender takes a share of !he insurer's risk in exchange for a share of the premiums paid to the insurer, the .arrangement.is often tenned "captive reinsurance. " Further: (a) Âny 5uch .agreements will .not .affect the JUDounts that Bon-ower has .agreed to pay for Mortgage Insurance, or any other tenus of the Loan. Such Jlg1"eements will .not increase the JUDount Bon-ower will owe for Mortgage Insurance, and they will.not entitle Bon-ower to any refund. MFWY7770 (0412006) / 042-800343-8 G-6AIWY) 100051.02 I!> Initials: LfcÞ Page B of 15 'form 3051 1/01 >---"--"---'-- (' .'¡ !ì A ;:;4 .. .. . I n8~ ·~L~~ Aõ C~7.(' 00. ~ (""'.. -t. ' ...::1 -:':. ~- - (b) Any such .agreements will not .affect the rights Bon-ower.has - if .any - with respect to the Mortgage lnsurance under the Homeowners Protection Act of 1998 or .any other law. These rights :may include the right to receive .certain rliscIosures, to request .and obtain I'lml'eJlation of the Mortgage Insurance, to have the Mortgage Insurance tenninated llutomatically, .andlor to receive II refund of .any Mortgage Insurance premiums that were unearned Jlt the time of such cancellation or tennination. 11. A¡¡¡¡ignment of Miscellaneous Proceeds; .Forfeiture. All Miscellaneous Proceeds .are .hereby .assigned to .and 5hall be paid to Lender. If the Property is rlamaged, such Miscellaneous Proceeds ..sha11 be .applied to restoration or repair of the Property, if the restoration or repair is economically feasible.and Lender's security is DOt lessened. During such repair .and restoration period, Lender .shall have the right to .hold such Miscellaneous Proceeds until Lender .has .had llD opportunity to inspect such Property to :ensure the work.has been mmpleted to Lender's .satisfaction, provided that such inspection 5hall be undertaken promptly. Lender may pay for :the repairs .and restoration in .a single disbursement or in .a series of progress payments .as the work is .completed. Unless.an .agreement is.made in writing or Applicablel..aw requires interest to be paid on such Miscellaneous Proceeds, Lender 5hall not be required to pay Borrower llDY interest or earnings on such Miscellaneous Proceeds.lfthe restoration or repair is not economically feasible or Lender's security would be lessened, :the Miscellaneous Proceeds .shall be .applied to :the sums secured by this Security lnstrument, whether or not then Liue, with the excess, if .any, paid to .Borrower. Such Miscellaneous Proceeds .shall be .applied in the order provided for in Section 2. 1n the event of a total taking, Liestruction, or loss in v.a1ue of the Property, the Miscellaneous Proceeds 5hall be .applied to the sums secured by this Security lnstrument, whether or not then Liue, with :the excess, if .any, paid to .Borrower. 1n:the event of a partial taking,destruction, or loss in value of the Property in which the fair:market value of:the Property imm~djately before the partial taking, Destruction, or loss in value is equal to or greater than the .amount of the sums secured by this Security lnstrument .immediately before the partial taking, destruction, or loss in value, llIÙess .Borrower .and Lender otherwise .agree in writing, the sums secured by this Security lnstrument 5hall be reduced by :the .amount of the Miscellaneous Proceeds .multiplied by the following fraction: (a) the total .amount of :the sums secured immediately before the :partial taking, Destruction, or loss in v.a1ue divided by (b) the fair JDaI'lœt value of the Property immediately before the partial taking, destruction, or loss in v.a1ue. Any balance .shall be paid to Borrower. 1n :the event of a partial taking, destruction, or loss in value of:the Property in which the fair JDaI'ket value of the Property immf".cIi3tely before :the partial :talång, Liestruction, or loss in v.a1ue is less than:the .amount of:the sums secured immediately before the partial taking, Liestruction, or loss in v.a1ue, unless Borrower .and Lender otherwise .agree in writing, the Miscellaneous Proceeds 5hall be .applied to the sums .secured by this Security 1nstrument whether or not the sums.are then Liue. lf :the Property is abandoned by Borrower, or if, .after notice by Lender to Borrower that the Opposing P.arty (as Liefined in :the next sentence) offers to.make .an .award to settle.a claim for rlamages, Borrower fails to respond to Lender within 30 days .after the date the notice is given, Lender is .authorized to m11ect .and apply the Miscellaneous Proceeds either 10 restoration or repair of the Property or to the sums secured by this Security lnstrument, whether or not then Liue. "Opposing Party" .means the third party that owes .Borrower Miscellaneous Proceeds or :the party .against w.hom Borrower .has .a right of .action in regard to Misc~1I3m~ous Proceeds. :Borrower 5hall be in default if .any .action or proceeding, w.hether civil or .criminal, is begun that, in Lender's judgment, .could result in forfeiture of the Property or other materiallinpairment of Lender's interest in :the Property or rights under this Security Instrument. .Borrower .can .cure such a Liefault.and, if .acceleration.has occurred, reinstate as provided in Section 19. by l:.aUsing the .action or proceeding 10 be .dismissed with.a ruling that, in Lender's jlld.vn~nt, precludes forfeiture of the Property or other material linpainnent of Lender's interest in the Property or rights under this Security lnstru.ment. The proceeds of llDY award or claim for rlamages that .are .attributable to the linpairment of Lender's interest in the Property .are .hereby .assigned .and 5hall be paid to Lender. All Miscellaneous Proceeds that .are not .applied to restoration or repair of the Property shall he .applied in the order provided for in Section 2. MFWY7770 (04l2oo6) / 042-800343-8 G-BAIWV) 100051.02 (!) PJlge9Df 15 ,_.u 'form 3051 1/01 r.::::::~::*:::~::::¡ ~::~;~:i::~~2 æf¡:~~im~~~~~!~ '~:<;.¡'~IIl~::"i<lr'¡·; ,;",', '.'"¡,,,. ....,., ".""!¡~<;"" ;::o.;r;'.<:y~.;.w~'~,i:'':<''''~~;''''J'''' -'~ ", ".;.·."I.!'¡'¡.J':;:.:.,.,.:·, ...",..i:o'...,t: ."''''--, - .":rJ'1··d"l'.;'~' :0' :':: ,',' '~~'...;, . . '_. ". '~"¡"~"'~'(".~; '..r; :; :' ,. :', . ',' ';';;' ,,', '~..:..._,:;'~ ~ '~,G1 ~7!'i! 8 !j".~.J...,. -~ ' ~ ¡r' () r ',f, t"5 \~~ " ' Ii' . " .J ""._.,..... 12. BOlTower Not Released; Forbeanmce By Lender Not a Waiver. Extension of the time for payment or modification of .amortization of the sums secured by this Security lnstrument gnmted by Lender to Borrower or IDlY Successor .in .Interest of Borrower shall not operate to release the liability of Borrower or IDlY Successors in lnterest of .Borrower. Lender shall not be required to commenp.e proceedings .against .any Successor in lnterest of Borrower or to refuse to extend time for payment or otherwise modify .amortization of the sums .secured by this Security lnstrument by reason of .any demand.made by the original Borrower or .any Successors in lnterest of Borrower. Any forbearID1Ce by .Lender in exercising .any right or remedy including, without limitation, Lender's ~ceptance of payments from third persons, entities or Successors.in lnterest of Borrower or in .amounts less than the .amount then due, .shall not be a waiver of or preclude the exercise of .any right or remedy. 13. Joint .and Several Liability; Co-.signers; Sllccessors.and Assigns Bound. Borrower L:OVenants .and agrees that Borrower's obligations.and liability .shall be joint.and several. Bowever,.any Borrower who L:D-signs this Security lnstrument but does not execute the Note (a "cD-signer"): (a) is CD-signing this .security lnstrument only to mortgage, grIDlt.and convey the L:D-signer's interest .in the Property under the tem1s of this .security lnstrument; (b) is not personally obligated to p~ the sums .secured by this Security lnstrument; .and (c) agrees that Lender .and .any other Borrower L:aIl .agree to extend, modify, forbear or .make .any .accommodations with regard to the terms of this Security lnstrument or the Note without the L:o-signer's L:onsent. Subject to the provisions of Section 18, .any .successor in lnterest of Borrower who .assumes Borrower's obligations under this Security .Instrument in writing, .and is approved by Lender,shall obtain all of Borrower's rights.and benefits under this Security lnstrument. Borrower .shall not be released from Borrower's obligations.and liability under this Security lnstrumen1 unless.Lender agrees to such release in writing. The L:Ovenants .and .agreements of this Security lnstrument .shall bind (except.as provided in Section 20) .and benefit the successors.and .assigns of Lender. 14. Loan Charges. Lender .may í:harge Borrower fees for services performed .in L:onnection with Borrower's default, for the purpose of protecting .Lender's interest in the Property .and rights under this Security lnstrumen1, including, but not limited to, attorneys' fees, property inspection.and valuation fees. .In regard to .any other fees, the absence of express authority .in this Security lnstrument to í:harge a specific fee to .Borrower .shall not be L:onstrued .as a prohibition on the í:harging of such fee. Lender.may not í:harge fees that Me expressly prohibited by this Security lnstrumen1 or by Applicable Law. lf the Lrum is subject to a law which sets m:ncimnm loan í:harges, .and that law is finally interpreted so that the interest or other JOIDl í:harges L:ollected or to be collected in L:onnection with the Loan exceed the permitted limits, then: (a).any such Joan í:harge .shall be reduced by the .amount necessary 10 reduce the í:harge to the permitted limit; .and (b).any sums already collected from Borrower w.hich exceeded permitted limits will be refunded to Borrower. lender .may .choose to.make this refund by reducing the principal owed under the Note or by .making a direct payment to .Borrower. lf a refund reduces principal, the reduction will be treated .as a partial prepayment without .any prepayment í:harge (whether or not a prepayment í:harge is provided for under the Note). Borrower's ~ceptance of .any such refund.made by direct payment to Borrower will L:onstitute 11 waiver of .any right of ~tion BorrowerIDight.have Mising out of such overí:harge. 15. Notices. All notices given by Borrower or .Lender .in L:onnection with this Security lnstrument IDUst be in writing. Any notice to Borrower in L:onnection with this Security lnstrumen1.shall be deemed to .have been given to Borrower when .mailed by first dass .mail or when .actually 1ielivered to Borrower's notice address if sent by other.means. Notice to.any one Borrower .shall L:onstitute notice to .all Borrowers unless Applicable .Law expressly requires otherwise. The notice .address .shall be the Property Address unless Borrower .has designated a substitute notice address by notice to Lender. .Borrower shall promptly notify Lender of .Borrower's .change of address. If Lender specifies 11 procedure for reporting .Borrower's .change of address, then Borrower .shall only report 11 .change of address through that specified procedure. There may be only one designated notice addrèss under this Security lnstrumen1 at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first dass :mail to Lender's address stated .bercin unless Lender .has .designated .another .address by notice to Borrower. Any notice .in connection with this Security lnstrument shall not be deemed to .have been given to .Lender until .actually received by .Lender. 1f IDlY notice required by this Security lnstrument is also required under Applicable .Law, the Applicable .Law requirement will satisfy the corresponding requirement under this Security lnstrumen1. MFWY7770 (0412006) 1 042-800343-8 G-6AIWY) (0005).02 (!) Ini'lals: /Jc ß Page 10 of 15 Tonn 3051 1/01 . ,..-........~..,..., '; -,··-,-.-:·..·,'_:,·;'i··,¡·_:.·_:r;"\.I;_.~" .',,'...'......,...,'.'.. . :':..\:;.L""JU;"..... :,~><··,··o . ··ó',',."'-·-" ~ ' , '. ;..~,'.';', " .! ~"""&.4~ '¡;";~¡4b I:.tJ' ~J ...~\'" (.:1., . (',on'\ '·'6 :J \. u..i.t; 16. Governing Law; Severability; Rules of Construction. This .security lnstrument .shall be governed by federal .hw and the .hw of the jurisdiction .in which the Property is located. All Tights and obligations contained .in !his .security lnstrument are .subject to .any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to ~ee by .contract or it might be .silent, but .such silence .shall not be construed as a prohibition against .agreement by .contract. In ilieevent that any provision or clause of this .security lnstrument or the Note .conflicts with Applicable Law, .such conflict .shall not affect other provisions of this .security lnstrument or ilie Note which .can be given effect without the .conflicting provision. As used .in !his .security lnstrument: (a) words of the .masculine gender .shall :mean and include .corresponding Muter words or words of the fp.minine gender; (b) words.in ilie .singular .shall :mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without.any obligatìon to take.any action. . 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this .security Instrument. 18. Transfer of the Property or a Beneficiallnteri!St in Borrower. As used in this .section 18, "lnterest in the Property" means any legal or beneficial .interest .in the Property, including, but not limited to, iliose beneficial.interests transferred in a bond for deed, .contract for deed, installment .sales contract or escrow ~eement, ilie intent of which is the transfer of title by Borrower at a future date to a purchaser. 1f all or .any part of ilie Property or any 1nterest in ilie Property is .sold or transferred (or if Borrower is not a natural person and a beneficial interest.in Borrower is .sold or transferred) without Lender's prior WIittenconsent, Lender may Tequire immediate payment.in full of all sums secured by !his .security lnstrument. 1:Iowever, this option .shall not be exercised by Lender if .such exercise is prohibited by Applicable Law . lf Lender exercises this option, Lender .shall give Borrower notice of acceleration. The notice .shall provide a period of not less than 30 days from the date the notice is given in accordance with .section 15 within which Borrower IDUst pay all .sums secured by !his .security lnstrument. 1f Borrower fails to pay these sums prior to the expiration of this period, Lender may .invoke .any Temedies permitted by !his .security lnstrument without further notice or dp.m:mcl on Borrower. 19. Borrower's Right to Reinstate After Acceleration. 1f Borrower .meets .certain .conditions, Borrower .shall have the Tight to have enforcement of !his .security lnstrument discontinued at .any time prior to the earliest of: (a) five .days before sale of the Property pursuant to any power of $ale .contained.in !his .security lnstrument; (b) such other period as Applicable Law might .specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this .security lnstrument. Those .conditions are that Borrower: (a) pays Lender all sums which then would be due under !his .security lnstrument and the Note as if no acceleration.had occurred; (b) .cures.any default of .any other covenants or agreements; (c) pays all expenses incurred in enforcing !his .security lnstrument, including, but not limited to, Teasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest .in the Property and Tights under !his .security lnstrument; and (d) takes .such action as Lender may reasonably Tequire to assure that Lender's interest .in the Property and rights under !his .security lnstrument, and Borrower'.s obligation to pay the .sums .secured by !his .security lnstrument,.shall .continue lmc.h:mzed. Lender may require that Borrower pay such reinstatp.mp.nt sums and expenses in one or more of the following forms, as .selected by Lender: (a) cash; (b) money order; (c) certified .check, bank check, treasurer's check or cashier's check, provided.any such check is drawn upon .an institution whose deposits .are insured by a .federal.agency, instrnmp.nt:!lity or .entity; or (d) .Electronic Funds Tnmsfer. Upon reinst:!tp.mp.nt by Borrower, !his .security Instrument and obligations secured .hereby .shall remain fully effective as if no acceleration had occurred. However, this right to Teinstate .shall not .apply in the.case of acceleration under .section 18. 20. Sale of Note; Change of Loan Servicer; Notice of GrievIDlce.The Note or a partial interest .in the Note (together with !his .security lnstrument) .cart be sold one or more times without' prior notice to Borrower. A sale might Tesult in a .change in the entity (known as ilie "Loan Servicer") that .collects .Periodic Payments due under the Note and this .security lnstrument and performs other mortgage loan servicing obligations under the Note, !his .security lnstrument, and Applicable Law. There also might be one or more .changes of the Loan .servicer unrelated to a .sale of the Note. 1f there is a .change of the Loan .servicer, Borrower will be given WIitteD notice of the .change which will .state the name and address of the new Loan .servicer, the address to which payments .should be made and .any other infonnation RESPA MFWY7770 (0412006) / 042-800343-8 G-6A(WY) I00051.D2 @ Page 11 Df 15 Initials: 4c!j Form 3051 1/01 i;,i:[:!::::r::;:::i:;: .,. 'M,Mt~i!¿I~ · . ·,II,~".'.';""'"., . '.',',' .' '.,". . . , ': ':. :,,;,,'f~c ',.",'r-'-.:-;: ':'" ~.=-.::;;_ ,.,..,.,....-.........,..,.. , '..,;_~4..~~',~~ "."'~"·,"-.:"..·.'L:-..~ J"a 91 ~)~ A'c .,'.. ..".0 . ''-is r'(i{ìA :'7 '... U l-' ~ I' _ R-~:, requires .in. !:ODDeCtion with ~ notice of tr.ansfer of .servicing. 1f the Note is sold .and thereafter the Loan is .serviced by ~ Loan Bervicer other than the purchaser of the Note, the mortgage loan .servicing obligations to :Borrower will remain with the Loan Servicer or be tr.ansferred to ~ successor Loan Servicer .and .are not .assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither :Borrower nor Lender may commence, join, or be joined to any judicial .action (as either .an IDdividuallitigant or the member of a class) that .arÏsesfrom the other party's .actions pursuant to this Security lnstrument or that .alleges that the other party.has breached.any provision of, or .any duty owed by reason of, this Security lnstrument, until such .Borrower or lender .has notified the other party (with such notice given in compliance with the requirements of Section 15) of .such .alleged breach .and afforded the other party .hereto ~ reasonable period .after the giving of such notice to take !:orrective .action. 1f Applicable Law provides a time period which must elapse before certain .action can be taken, that time period will be .deemed to be reasonable for purposes of this paragraph. The notice of acceleration .and opportunity to cure given to .Borrower pursuant to Bection 22 .and the notice of acceleration given to :Borrower pursuant to Section 18 .shall be deemed to .satisfy .the notice .and opportunity to take !:orrective .action provisions of this Section 20. 21. JIazardOllS Substances. As used in this Section 21: (a) "Hazardous Substances" .are those .substances defined .as toxic or .hazardous substances, pollutants, or wastes by Environment¡¡! Law.andthe following .substances: gasoline, .kerosene, other flammable or toxic petroleum products, toxic pesticides .and herbicides, volatile .solvents, materials cont¡¡ininz .<lSbestos or formaldehyde, .and radioactive materials; (b) "Environment¡¡ 1 Law" .means federal laws .and laws of .the jurisdiction where the Property is located that relate to health, safety or environment¡¡! protection; (c) "Environment¡¡! Cleanup" includes .any response .action, remedia1 .action, or reIIloval.action, ~s defined in Environment¡¡! Law; and (d) .an "Environmf"nt¡¡l Condition" means .a !:ondition that .caD cause, !:ontribute to, or otherwise trigger .an Environment¡¡! Oeanup. :Borrower.shall not .cause or pennit the presence, use, disposal, .storage, or release of .any Hazardous Substances, or threaten to release .any Hazardous Substances, on or in the Property. .Borrower.shall not do, nor .allow .anyone clse to do, .anything .affecting !he J>roperty (a) that is.in violation of .any Environmf"11t¡¡l Law, (b) which creates.an Environmental Condition, or (c) which, due to the presence, lise, ouelease of.a Hazardous Substance, .creates ~ !:ondition that ~versely .affects the value of the Property. The preceding two sentences .shall not ~pply to !he presence, lise, or storage on the :Property of small quantities of Hazardous Substances that .are generally recognized to be .appropriate to normal residential uses .and to m¡¡inten¡¡nc~e of the Property (including, but not limited to, .hazardous substances in consumer products). :Borrower .shall promptly give l...ender written notice of (a) .any investigation, claim, c1 em ¡¡nc1 , lawsuit or other .action by .any governmental or regulatory agency or private party involving the .:Property .and .any Hazardous Substance or Environmf"nt¡¡l Law of which Borrower .has .actual lmowledge, '(b) .any Environment¡¡! Condition, including but not limited to, .any spilling, leaking, discharge, release or threat of release of .any Hazardous Substance, .and (c) .any condition caused by .the presence, use or release of.a Hazardous Substance which ~versely .affects !he value of !he :Property. If Borrower learns, or is notified by.any gOVf'TT1ment¡¡! or Iegu1atOry .authority, or.any priv.ate:party, that.any IeIIlOV.al or other rem(".c1iMion of .any Eazardous Substance .affecting the :Property is necessary, .Borrower .shall promptly take .all necessary remedia1 .actions .in .accordance with Environment¡¡! Law. Nothing l1erein .shall1:reate.any obligation on l...enderfor .an Environment¡¡l Oeanup. MFWY7770 (04/2006) / 042-800343-8 G-6A(WY) (0005).02 @ Initials: I~ð P"IJe 12 of 15 Form 3051 1/01 "·"'·il.!'''''~'''''··'''''''''''''''''''''-_'''''''-4:R't~_''I'¡'~'-=''"","-~·~".r:·.,,'"~'__ __"',",,;. - .'~"'-4'.,,-,,-,. ,",'",.X";,:.&;I~"'-<I"¡"'· " ':-'~'r'U-~;"___;n'~,:.,.~)It.¡:..."",I.i\\\oi'·":~"'~''.<':'~·~'. ..........~"II'!,,,.;:, ,'. ' .,.__ ",. ...,..:........~.. r· t'1 (1 ,~ t 8 . '~.) l.: .1. t. if). 9 A;ì \t:; ~1l1~ ~" ,., ...'t. (J. 1'. I.:) N ON- UNIFORM COVENANTS. .Borrower .and lender further covenant.and .agree .as follows: 22. Acceleration; Remedies. Lender .shall give .notice to .Borrower prior to acceleration following .Borrower's breach of any covenant or Jlgreement in this Security Instrument (but .not prior to Jlcceleration under Section 18 unless Applicable Law provides otherwise). The notice .shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to .Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may r£Sult in acceleration of the sums secured by this Security Instrument and.sale of the Property. The notice .shall further inform Borrower of the right to rcinstate after accelenmon and the right to bring a court Jlction to JlSsert the non-existence of Jl default or any other defense of Borrower to acceleration and .sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of .all sums secured by this Security lnstrument without further demand and may invoke the power of .sale and any other remedies permitted by Applicable Law. Lender .shall be entitled to collect .all -expenses inClllTed in pursuing the remedies provided in this Section 22, inl'lmling, but not limited to, reasonabJeJlttorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender .shall give .notice of intent to foreclose to Borrower and to the person in possession of the Property, ü different, in accordance with Applicable Law. Lender .shall give notice of the sale to BOITower in the manner provided in Section 15. Lender shall publish the .notice of .sale, and the Property shall be sold in the manner prfScribed by Applicable Law. Lender or its designee may purchase the Property Jlt any .sale. Tbe proceeds of the.sale.shall be Jlpplied in the following order: (a) 10 .all -expenses of the .sale, including, but .not limited 10, reasonable Jlttorneys' fees; (b) to .all sums secured by this Security Instrument; and (c) any -excess to the person or persons legally -entitled to it. 23. Release. Upon payment of.all sums secured by this Security lnstrument, lender shall release this Security lnstrument. .Borrower shall pay.any recordation costs. lenderIDaY .charge .Borrower a fee for releasing this Security lnstrument, but only if the fee is paid to 11 third pID1y for services rendered .and the .charging of the fee is permitted under Applicable Law. 24. Waivers. .Borrower releases .and waives .all :rights under .and by virtue of the homestead e:xemptionlaws of Wyoming. MFWY7770 (04/2006) / 042-800343-8 _~BA(WY) (0005).02 @ Initials: /.k ð PJlge 13 of 15 rDrm 3051 1/01 ~t~:,.~.l!i¡.ili~:::::!~ ~lI~~lili~it?f; ~¡¡~¡:!¡j¡¡!j¡¡¡¡¡¡:¡¡rrß ~: ~~~m~i~~~i~~~i~~!~ j\mm~~;~~~~¥~ ,.:.«~-...",..."";...,:,;,,,. r·-",'·,.-'· ';'''F'~'>:''',_:',_'''''' ......,.,.-..,...,......"........ ...' '....,......."....,],>-,',.,... ~''''''''''''''''_\'''',-..'.".',.. "'-. ,',.;¡"~ j:¡·ò·..,..... ". .'. ','. ...,~.......-.:,-~,. '.,' 0918?48 r '"')1"'\ -< ,. 9 "" ~.) U -l ~; .BY .sIGNING .BELOW, .Borrower ~cepts .and .agrees to the terms .and covenants .contained .in !his .security 1nstrument.and .in.any Rider executed by .Borrower .and Iecorded with it. Witnesses: ~--- ~ (Seal) -,Borrower :BRANDON 'H"RR¡:n;F.y (Seal) -.B01Tower (Seal) (.seal) -Borrowa -,Borrowa (.seal) -.Borrower (.seal) -Borrower (Seal) (Seal) -.Borrower -Borrower MFWY7770 (0412006) / 042":800343-8 G-6A(WY) (0005).02 @ 1'age 14 of 15 'Form 3051 1/01 / · " , ' ,.....,.. ·I·~"~~~':¡:' -, .,' ~:.:.:.," . ,','.. , !r).G1 "'i~/ {~ .,,; \\'jjJ"~'J J '. ~u :STATE OF WYOMING, ,·.·.·.·.:rl..!6'$~I·.·.·' l-ír\~ COunty5S: by J3RANDON :BEESLEY I .A BINGLE MAN The fOIegOIDg IDstnnnent w.as .acknowledged before.:me !his My Commission:Expires: \ D .; d -- 07 ~";'ý,-"",,,,,,,;'..-c<:_"'4,·~.~,, [š'._'.'ii""'. Š.TAFFor.,Þ ~ NOTARY PUBUC 'i". COON1Y Of STATE (J ltmH . ~..;(1 Ik1 Comrri5sion FJ',pires I tJ..... - v ( .',-" _.-._"~~::'"-.,('':'-'(....-f........'--'''-...-'-'~ MFWY7770 (04/2006) / 042-800343-8 G-6A(WVII00051.a.2 @ ~,......,.¡...,'M~ '4...,','.';I.'.¡~'''',', 6¡:':'I;!:iliili8:>/o ~ Si~#fl N_h~ . - - Initials: /£ ~ Page 15 of 15 ~ ":""0.'; '.., ',·i'.' .. .-., ('; .~ . f) 0 '. U t: J. ù 2DD6 'Form 3051 1/01 The Easte~~~!1~!¡¡i¡~¡~et of Lot 8 and the West Half of Ld~m~¡~~Jlock 1 of Stoner-Kinney Fir"st Addg'f of CokevilJe, Lincoln County, Wyoming, and more particularly described as fo]]ows: Beginning at the Southeasterly Corner of said Lot 8 and running thence Westerly along the Southerly boundary line of said Lot 8 a distance of 10 feet; thence Northerly at right angles a distance of 170 feet; thence Easterly along the Northerly boundary line of said Lots 8 and 9 a distance of 83.64 feet; C~} C 't 31 thence Southerly at right angles a distance of 170 feet; thence Westerly a distance of 73.64 feet to the point of beginning. G'~ ~? ñ .'d) OJ.'i,......; . ~to)